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Shiba Inu

How & Where to Buy Shiba Inu A Step-by-Step Guide to Buying SHIB

  1. Sign up at Gemini, the #1 rated SHIB exchange.
  2. Fund your account with cash or crypto.
  3. Buy Shiba InuSHIB
  1. STEP 1Find the Best SHIB Exchange
    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      60

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only, features most of the well-known cryptocurrencies.

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      66

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $189,010,906
      Coins
      93

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it to become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. Debit and credit card purchases are permitted with comparably low fees. Well-suited to beginners and those who want to buy and hold coins long-term.

    • CEX.io Crypto Exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $11,759,697
      Coins
      90

      British cryptocurrency exchange CEX.IO proves that good things come in small packages, with the lowest credit and debit card fees, and one of the best off-ramp processes in the industry. Deposit fees in GBP are given a 50% discount, making them ultra-appealing to UK traders. Founded in 2013, with over 4m registered accounts. Recently branched out to the US.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      313

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to Gemini and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Shiba Inu Shiba InuSHIB quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy SHIB with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for SHIB.

Frequently Asked Questions About Buying & Selling Shiba Inu (SHIB)

How do I Buy SHIB with Crypto?

If you want to buy SHIB with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Shiba Inu (SHIB)?

To sell SHIB, simply reverse the buying process described above. You will likely need to trade your Shiba InuSHIB into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Shiba Inu Research Center

Shiba Inu Technical Details & Statistics

Tokenomics
  • Market Rank15
  • Market Cap11,390,797,039
  • Circulating Supply549,063,278,876,300
  • Total Supply589,735,030,408,320 SHIB
Yesterday's Trading
  • 24 HR Volume1,234,413,723 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

Since SHIB’s only function is to be traded for profit, it’s the perfect coin for day traders looking to exploit high volatility ‘meme coins.’ Those who trade on Binance, Gate.io, KuCoin, Huobi, and Poloniex will find it in good supply for trading, especially in pairs with USDT.  SHIB has 1 quadrillion tokens, that’s 1,000,000,000,000,000. The purpose of having such a large supply was so that investors could hold millions or billions of tokens without having to spend a large amount of money. A million SHIB tokens will only cost investors a few dollars. This same faculty of SHIB makes it highly volatile, as it’s easy for whales to pump and dump the price if they manipulate the supply and demand. 

What is SHIBA INU (SHIB)

Shiba Inu, abbreviated to SHIB in the cryptocurrency world, is a decentralized cryptocurrency created by an anonymous entity known as Ryoshi. SHIB is an ERC-20 token running on the Ethereum network. It offers no technological value or smart contract utility.  Shiba Inu is also a Japanese dog breed, the same one featured in the DOGE logo and featured heavily in memes.

Best SHIB Exchanges in the United States

Step 1: To buy SHIBU INU, investors must first own Bitcoin or Ethereum. Our highest-rated SHIB exchange (Gate) does not offer fiat deposits, so we recommend the Gemini Exchange for US customers who need to purchase BTC or Eth.

Gemini is owned by the Winklevoss twins and is highly secure & trustworthy. We think they’re a better version of Coinbase.

Step 2: Once you own Bitcoin or Ethereum, transfer those coins to one of the following exchanges to buy SHIB.

  1. Gate
  2. KuCoin
  3. Huobi Global
  4. Poloniex

The list above is our highest-rated exchanges that accept US customers and offer SHIBA INU. For SHIB, Gate gets the highest rankings. They provide more than 180 coins, 450+ trading pairs, and investors from the United States (minus Washington State and New York).

Where Can I Buy Shiba Inu? Exchanges for International Investors

  1. Binance.com
  2. Gate
  3. KuCoin
  4. Poloniex

How SHIBA INU works

SHIB offers no smart contract utility and is not backed by any assets or the like. It is just a transferable token, like DOGE. Its value is perceived based on the actions of the market.

The SHIB coin was first listed on its native decentralized exchange, ShibaSwap, before its popularity surged. It was picked up and listed on the top exchanges. 50% of the total supply was locked on Uniswap before it was listed elsewhere.

The Shiba Inu project also offers an artist incubator, providing a place for the best artists in the NFT community to build their audience and develop their skills. Speakers from different genres are invited to talk to and help the Shiba Inu artists explore the NFT movement and market. The first round of the artist incubator welcomed 75 skilled creatives.

History of SHIBA INU

Shiba Inu (SHIB) was created in August 2020 by Ryoshi, an anonymous, decentralized network researcher (or research team, it’s unknown). It also created $LEASH and is working on another project called BONE. The SHIB coin was modeled on Dogecoin (DOGE) and is a fork designed to improve upon the original code and be known as the ‘Dogecoin Killer.’ 

SHIBA INU’s team released a Whitepaper which they called a ‘WoofPaper,’ with three reasons for creating the coin:

  • “We started from zero, with zero.”
  • “The brilliant minds behind Shib had never collaborated before.”
  • “We love Shiba Inu Dogs.”

In May 2021, Vitalik Buterin, the Founder of Ethereum, donated 50 trillion SHIB tokens through an organized burn to the India COVID-Crypto Relief Fund. At the time, this was worth $1.2bn. However, the price dropped considerably when the news was released (as much as 44%), with traders considering this donation akin to a massive coin dump. Buterin had been given 50% of the project’s tokens by the developers, who had not foreseen him donating them, and so had to navigate this obstacle in their journey cleverly.